Here's a quick chart on the SPX with the bearish alternate count. Say wave 2 is tracing out now and it wants to move higher, it appears 1075-1084 may be an appealing target range.
Wave 2 would be contained within the 61.8 - 78.6 retracement levels. Plus there is a gap that may need to be filled.
Just something to think about.
No comments:
Post a Comment